1.    The commissioner may conduct an examination or investigation of a licensee or authorized delegate or otherwise take independent action authorized by this chapter or by a rule adopted or order issued under this chapter as reasonably necessary or appropriate to administer and enforce this chapter, regulations implementing this chapter, and other applicable law, including the federal Anti-Money Laundering Act of 2020. The commissioner may:

a.    Conduct an examination either onsite or offsite as the commissioner may reasonably require; b.    Conduct an examination in conjunction with an examination conducted by representatives of other state agencies or agencies of another state or of the federal government; c.    Accept the examination report of another state agency or an agency of another state or of the federal government, or a report prepared by an independent accounting firm, which on being accepted is considered for all purposes as an official report of the commissioner; and

d.    Summon and examine under oath a key individual or employee of a licensee or authorized delegate and require the person to produce records regarding any matter related to the condition and business of the licensee or authorized delegate.

2.    A licensee or authorized delegate shall provide, and the commissioner shall have full and complete access to, all records the commissioner may reasonably require to conduct a complete examination. The records must be provided at the location and in the format specified by the commissioner, provided, the commissioner may utilize multistate record production standards and examination procedures when the standards will reasonably achieve the requirements of this subsection.

3.    Unless otherwise directed by the commissioner, a licensee shall pay all costs reasonably incurred in connection with an examination of the licensee or the licensee’s authorized delegates.